GIC Cuts Adani Ports & SEZ Holding

by Pranav Puri

@pranav

In a block deal on BSE, Indivest, an affiliate of Government of Singapore Investment Corporation sold 1.94 Cr shares of Adani Ports & Special Economic Zone at a price of R150 per share aggregating to around R290 Cr.

Fast growing private bank YES Bank's CEO Rana Kapoor and NRI Ravi Pillai have been identified as contenders to buy Four Seasons Hotel in Bangalore, TOI states. The ongoing project is a lifestyle development with names like Deepika Padukone and Infosys founders having bought homes in it.

As part of the restructuring process, Hotel Leelaventure has put two of its properties in Chennai and Goa on block and has invited EoI’’s for - The Leela Goa and The Leela Palace Chennai. JM financial is managing the sale for Leela.